PETALING JAYA: Saujana Triangle Sdn Bhd, a unit of MK Land Holdings Bhd, and Mammoth Empire Land Sdn Bhd have inked a deal to jointly develop a mixed development project on an 11.78-acre plot of land in Damansara Perdana here.
In a filing with Bursa Malaysia, MK Land said under the agreement, Saujana Triangle wasentitled to RM82.12mil for contributing the leasehold land - at RM160 psf - or 22% of the gross development value (GDV) of the development project, whichever shall be the higher. Mammoth Empire Land will be the developer of the project.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
